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In the 1970s, the U.S. experienced adverse supply shocks in the form of high oil prices. The result was stagflation. Stagflation is O a combination
In the 1970s, the U.S. experienced adverse supply shocks in the form of high oil prices. The result was stagflation. Stagflation is O a combination of high inflation and high unemployment. O a combination of low inflation and low unemployment. O just high inflation. O just high unemployment
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